BusinessDaily DigestFundingNews

Daily Digest Friday, 15 May 2020

Funding in Africa

Novastar Ventures fund closes at $108m for investments in East, West African startups

The Novastar Ventures Africa Fund II has held its final close at US$108 million, which will be used to back breakthrough businesses in both East and West Africa. Read more

Funding In East Africa

Clean Technology Fund Injects $10m Into Ethiopia’s Geothermal Capacity

The African Development Bank has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund (CTF), to extend a $10m concessional senior loan for the development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia. Read more

Funding In Southern Africa

SA’s AgVentures raised R100m from SA agrifood business

SA agrifood tech investment company AgVentures has raised an anchor commitment of R100-million from Acorn Agri & Food, a SA agrifood business. Read more

Investment Reports

Latest report: Jordan’s startup funding grows 58% in 2019, investors at a record high

According to  2019 Jordan Venture Investment Report, the Kingdom took the 5th spot by number of investment deals in 2019 (35), accounting for 6% of total deals in the MENA region. The country’s capital, Amman, accounted for the vast majority of those deals. Read more

GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

This image has an empty alt attribute; its file name is Ms-Uchenna-Agbo-May8.jpg

Introducing our latest feature writer, Ms Uchenna Agbo who recently wrote an insightful article called ” COVID19: THE MIND OF THE CEO, WHAT EMPLOYEES NEED TO KNOW…

If you would like to raise funding for your next big business or project in Africa send us an email on

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

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